Bare Act Search Results

Small Industries Developement Bank of India Act, 1989 Chapter III

Title: Management of the Small Industries Bank

State: Central

Year: 1989

.....of Directors 1[8. Disqualifications of Directors A person shall not be eligible for being elected as a Director under clause (1) of sub-section (1) of section 6, if he.-- (a) has been found to be of unsound mind by a court of competent jurisdiction and the finding is in force; (b) is an undischarged insolvent; (c) has applied to be adjudicated as an insolvent and his application is pending; (d) has been convicted by a court of competent jurisdiction, of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence; or (e) has not paid any call in respect of shares of the Small Industries Bank held by him, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call. ________________________ 1. Substituted by Act 7 of 2000, sec. 5, for sections 8 and 9 (w.e.f. 27-3-2000). Section 9 - Vacation and resignation of office by Directors (1) The office of a Director shall become vacant if he-- (a) becomes subject to any of the disqualifications mentioned in section.....

Small Industries Developement Bank of India Act, 1989 Section 6

Title: Constitution of Board

State: Central

Year: 1989

.....by the Chairman and Managing Director in this behalf and in the absence of such nomination, any Director elected by the Directors present from among themselves, shall preside at the meeting. (12) All questions which come up before any meeting of the Board shall be decided by a majority of votes of the Directors present and voting, and in the event of an equality of votes, the Chairman and Managing Director, or in his absence, the person presiding, shall have a second or casting vote. (13) Save as provided in sub-section (12), every Director of the Board shall have one vote.] ________________________ 1. Substituted by Act 7 of 2000, sec. 3, for section 6 (w.e.f. 27-3-2000).

Small Industries Development Bank of India Act, 1989 Complete Act

State: Central

Year: 1989

.....registered office, or (2) carries on the whole or part of his business, at the time of commencement of any legal proceedings against him under this Act, or (ii) the cause of action for such legal proceedings, wholly or in part, arises; (d) "Development Bank" means the Industries Development Bank of India established under Section 3 of the Industries Development Bank of India Act, 1964 (18 of 1964)-; (e) "Director" means a Director nominated under sub-section (1) of Section 6-and includes the "Chairman and Managing Director and whole time director"; (f) "export" means export from India of products or services of any industrial concern in small-scale sector ; 2(fa) "General Insurance Corporation" means the General Insurance Corporation of India formed under Sec. 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972)" (g) "import" means import into India of services or goods including all materials, commodities and articles in a solid, liquid or gaseous state and all forms of energy for the use of any industrial concern in the small-scale sector ; (h) "industrial concern in the small-scale sector" means an industrial concern as defined in clause (c).....

Finance Act, 1989 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1989

.....suffering therefrom, to engage in a gainful employment or occupation.". Section 18 - Amendment Of Section 115B In section 115B of the Income-tax Act, [as amended by section 31 of the Finance Act, 1988 (26 of 1988)], in sub-section (2), with effect from the 1st day of April, 1990, - (a) for the words, figures and letters "the previous year relevant to the assessment year commencing on the 1st day of April, 1989", the words, figures and letters "the previous years relevant to the assessment years commencing on the 1st day of April, 1989 and the 1st day of April, 1990" shall be substituted; (b) in the proviso, for the words "previous year", the words "previous years" shall be substituted. Section 19 - Amendment Of Section 115J In section 115J of the Income-tax Act, - (i) after sub-section (1) and before the Explanation, the following sub-section shall be inserted, namely :- "(1A) Every assessee, being a company, shall, for the purposes of this section, prepare its profit and loss account for the relevant previous year in accordance with the provisions of Parts II and III of Schedule VI to the Companies Act, 1956 (1 of 1956)."; (ii) in the Explanation, - (a) in.....

Finance Act, 1989 Section 11

Title: Amendment of Section 48

State: Central

Year: 1989

.....in providing finance to venture capital undertakings mainly by way of acquiring equity shares of such undertakings or, if the circumstances so require, by way of advancing loans to such undertakings, and is approved by the Central Government in this behalf; (b) "venture capital undertaking" means such company as the prescribed authority may, having regard to the following factors, approve for the purposes of sub-clause (ia) of clause (b) of sub-section (2), namely :- (1) the total investment in the company does not exceed ten crore rupees or such other higher amount as may be prescribed; (2) the company does not have adequate financial resources to undertake projects for which it is otherwise professionally or technically equipped; and (3) the company seeks to employ any technology which will result in significant improvement over the existing technology in India in any field and the investment in such technology involves high risk

Assam University Act, 1989 Schedule 1

Title: Schedule I

State: Central

Year: 1989

.....meet at least once in an academic year preferably in the beginning of that year. Ordinances how made 42. (1) The first Ordinances made under sub-section (2) of section 28 may be amended, repealed or added to at any time by the Executive Council in the manner specified below. (2) No Ordinance in respect of the matters enumerated in section 28, other than those enumerated in clause (n) of sub-section (1) thereof, shall be made by the Executive Council unless a draft of such Ordinance has been proposed by the Academic Council (3) The Executive Council shall not have power to amend any draft of any Ordinance proposed by the Academic Council under clause (2), but may reject the proposal or return the draft to the Academic Council for reconsideration, either in whole or in part, together with any amendment which the Executive Council may suggest. (4) Where the Executive Council has rejected or returned the draft of an Ordinance proposed by the Academic Council, the Academic Council may consider the question afresh and in case the original draft is reaffirmed by a majority of not less than two-thirds of the members present and voting and more than half the total number of.....

Assam University Act, 1989 Complete Act

State: Central

Year: 1989

.....taken upon the result of such inspection or inquiry. (10) Where, the Executive Council or the management, does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may, after considering any explanation furnished or representation made by the Executive Council or the management, issue such directions as he may think fit and the Executive Council or the management, as the case may be, shall comply with such directions. (11) Without prejuice to the foregoing provisions of this section, the Visitor may.. by order in writing, annul any proceeding of the University which is not in conformity with the Act the Statutes or the Ordinances : Provided that before making any such order, he shall call upon the Registrar to show cause why such an order should not be made, and, if any cause is shown within a reasonable time, he shall consider the same. (12) The Visitor shall have such other powers as may be prescribed by the Statutes. SECTION 09: THE CHIEF RECTOR The Governor of the State of Assam shall be the Chief Rector of the University. SECTION 10: OFFICERS OF THE UNIVERSITY The following shall be the officers of the University :- (1) the.....

Nagaland University Act, 1989 Complete Act

State: Central

Year: 1989

.....taken upon the result of such inspection or inquiry. (10) Where, the Executive Council or the management, does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may, after considering any explanation furnished or representation made by the Executive Council or the management, issue such directions as he may think fit and the Executive Council or the management, as the case may be, shall comply with such directions. (11) Without prejudice to the foregoing provisions of this section, the Visitor may, by order in writing, annul any proceeding of the University which is not in conformity with the Act, the Statutes or the Ordinances: Provided that before making any such order, he shall call upon the Registrar to show cause why such an order should not be made, and, if any cause is shown within a reasonable time, he shall consider the same. (12) The Visitor shall have such other powers as may be prescribed by the Statutes. SECTION 10: THE CHIEF RECTOR The Governor of the State of Nagaland shall be the Chief Rector of the University. SECTION 11: OFFICERS OF THE UNIVERSITY - The following shall be the officers of the University :- (1) the.....

The University Laws (Amendment) Act, 1989 [1] Complete Act

State: Kerala

Year: 1989

.....deemed to have come into force on the 6 th day of May 1989. 2. Amendment of Act 17 of 1974. "In the Kerala University Act 1974 (17 of 1974), for sub-section (6) of section 57, the following sub-section shall be substituted, namely: " "(6) Notwithstanding anything contained in this Act, the statutes, Ordinances and Regulations made thereunder, " (a) a person appointed as teacher in a private college in a temporary vacancy on or after the 14 th day of March, 1974 and continuing as such, shall be appointed as teacher in any permanent vacancy or any temporary vacancy of longer duration that may arise, after such appointment in the temporary vacancy, in the private college or, as the case may be, any of the private colleges under the management of the educational agency within the University area; (b) a teacher relieved from a private college on or after the 14 th day of March, 1974 due to the abolition of a course of study in that private college or the cessation of the period for which he was appointed or for any other reason except disciplinary action against him, shall be given preference in the matter of future appointments in the private college or, as the case may be, any of.....

Yashwantrao Chavan Maharashtra Open University Act, 1989 Complete Act

State: Maharashtra

Year: 1989

.....if any, as it proposes to take or has been taken by it on the result of such inspection or inquiry. (9) Where the Board of Management does not take action to the satisfaction of the Chancellor within a time limit fixed by the Chancellor, the Chancellor may, after considering any explanation furnished or representation made by the Board of Management, issue such directions as he may think fit and the Board of Management shall be bound to comply with such directions. (10) Without prejudice to the foregoing provisions of this section, the Chancellor may, by an order in writing annual, suspend or modify any resolution, order or proceedings of the University which is not in conformity with this Act, the Statutes or the Ordinances or is not in the interest of the University Provided that, before making any such order, he shall call upon the University to show cause why such an order should not be made and if any cause is shown within a time limit fixed by the Chancellor, he shall consider the same. (11) The Chancellor shall have such other powers as may be specified by the Statutes. SECTION 09: OFFICERS OF UNIVERSITY The following shall be the officers of the University, namely:- (1).....